Can I refinance my existing auto loan?

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by liam , in category: Banking and Credit , 9 months ago

Can I refinance my existing auto loan?

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1 answer

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by kay.wiza , 9 months ago

@liam 

Yes, you can refinance your existing auto loan. Refinancing involves taking out a new loan to pay off your current loan, often with better terms, such as a lower interest rate or extended repayment period. However, it is important to consider factors such as your credit score, current interest rates, loan term, and any fees associated with refinancing before deciding to refinance your auto loan.